SGX M42F Thermal Coal - Daily Update 2 April 2020
Friday, April 3 2020 - 06:47 PM WIB
5kt traded in Thursday T Session
• Apr-20 traded 5kt @ $31.30
April month-to date:
Futures volume at 5kt, Open interest at 348kt
Total volume since January 2020: 962kt
Physical
Firm bids and offers for Indonesian cargoes were hard to come by amid greater regional supply and demand uncertainty. A deal was understood to have transacted earlier in the week at around $31.00/t FOB, basis 3,800 kc NAR, for an April loading geared vessel, although this could not be confirmed. A bid was reported at $29.75/t FOB, basis 3,800 kc NAR, for an April loading geared vessel. On an index-linked basis, a deal was done flat to the average of the M42/ICI4 indices for a Supramax loading in April. An offer was also reported for a Panamax at $32.00/t FOB, basis 3,800 kc NAR, for April loading.
Paper
It was a slow day for Indonesian paper due to the high degree of market uncertainty. M42, listed on SGX, however, saw April trade at $31.30 for 5,000 t. April was bid at $30.75 and offered at $31.65, while a bid for May was heard at $30.70, although little else was reported at the time of writing.
Source: IHS McCloskey.